Strs Ohio Purchases New Shares in Envista Holdings Corporation $NVST

Key Points

• Strs Ohio has acquired a new stake in Envista Holdings Corporation, buying 83,034 shares valued at approximately $1.43 million, as reported in their latest 13F filing.
• Several institutional investors, including GAMMA Investing and Wealth Enhancement Advisory Services, have significantly increased their holdings in Envista, indicating strong interest from the investment community.
• Analysts have adjusted their price targets for Envista's stock, with an average consensus target price now at $20.92, reflecting a mix of ratings from strong buy to hold.

Strs Ohio acquired a new position in Envista Holdings Corporation (NYSE:NVST - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 83,034 shares of the company's stock, valued at approximately $1,433,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Palouse Capital Management Inc. raised its holdings in shares of Envista by 14.4% in the first quarter. Palouse Capital Management Inc. now owns 9,444 shares of the company's stock worth $163,000 after buying an additional 1,186 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Envista by 214.4% in the first quarter. UMB Bank n.a. now owns 2,094 shares of the company's stock worth $36,000 after buying an additional 1,428 shares during the last quarter. New Age Alpha Advisors LLC raised its holdings in shares of Envista by 7.1% during the first quarter. New Age Alpha Advisors LLC now owns 24,842 shares of the company's stock worth $429,000 after purchasing an additional 1,655 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Envista by 0.5% during the first quarter. Principal Financial Group Inc. now owns 396,548 shares of the company's stock worth $6,844,000 after purchasing an additional 2,008 shares during the last quarter. Finally, Vise Technologies Inc. raised its holdings in shares of Envista by 14.7% during the fourth quarter. Vise Technologies Inc. now owns 16,016 shares of the company's stock worth $309,000 after purchasing an additional 2,056 shares during the last quarter.

Envista Trading Down 0.6%

NVST stock traded down $0.12 during trading on Friday, reaching $20.91. 4,326,082 shares of the stock were exchanged, compared to its average volume of 1,699,801. The company has a current ratio of 2.44, a quick ratio of 2.08 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average price of $20.62 and a 200-day moving average price of $18.64. Envista Holdings Corporation has a 1 year low of $14.22 and a 1 year high of $23.00. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 65.35, a P/E/G ratio of 1.12 and a beta of 0.99.

Envista (NYSE:NVST - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The business had revenue of $682.10 million for the quarter, compared to the consensus estimate of $638.21 million. Envista had a net margin of 2.11% and a return on equity of 4.84%. The business's revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. Envista has set its FY 2025 guidance at 1.050-1.15 EPS. On average, research analysts predict that Envista Holdings Corporation will post 1 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on NVST shares. Wall Street Zen cut shares of Envista from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 30th. Wells Fargo & Company raised their price target on shares of Envista from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Morgan Stanley raised their price target on shares of Envista from $16.00 to $17.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Stifel Nicolaus raised their price target on shares of Envista from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Baird R W upgraded shares of Envista from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.92.

Envista Profile

Envista Holdings Corporation, together with its subsidiaries, develops, manufactures, markets, and sells dental products in the United States, China, and internationally. The company operates in two segments, Specialty Products & Technologies, and Equipment & Consumables. The Specialty Products & Technologies segment offers dental implant systems, guided surgery systems, biomaterials, and prefabricated and custom-built prosthetics to oral surgeons, prosthodontists and periodontists, and general dentist; and brackets and wires, tubes and bands, archwires, clear aligners, digital orthodontic treatments, retainers, and other orthodontic laboratory products.